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Tag Archives: china tax

As of April 20, inventory of iron ore at 33 major Chinese ports amounted to 94.75 million mt, down 1.13 million mt or 1.18 percent compared to the inventory level recorded on April 13, as announced by China’s Xinhua News Agency on April 21. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 51 points, up three points week on […]

China has decided to ease mortgage regulations for second home buyers in order to boost demand in the housing market. The minimum downpayment level for second home buyers in China will be lowered to 40 percent from 60-70 percent, according to a joint statement issued by China’s central bank, the Ministry of Housing and Urban-Rural […]

Although US Steel’s year of seemingly never-ending layoff notices isn’t news within the US steel industry, the trend has apparently caught the notice of mainstream news. In an editorial earlier this month, the Washington Post argued that US Steel’s downsizing is a direct result of the Chinese steel industry. Again, blaming China for all the […]

The long-awaited decision from China came on New Year’s Eve. According to Chinese government’s website, the export tax rebate on boron-added steel products, that cause pollution during production, will be removed effective January 1, 2015. The cancellation of the export rebate tax will apply to boron-added wire rod, bar, hot rolled plate and sheet and […]

As of December 22, inventory of iron ore at 33 major Chinese ports amounted to 99.18 million mt, down 3.96 million mt or 3.84 percent compared to the inventory level recorded on December 15, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 69 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price […]

Rumors have continued to prevail in the market that China is about to remove its export tax rebate for boron-added steel products. Insiders have said that the official report on the removal of the export tax rebate in question was drafted some time ago, and that it has been taken into consideration again in recent […]